Acuity Brands (NYSE:AYI) Releases FY25 Earnings Guidance

Acuity Brands (NYSE:AYI) updated its FY25 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $16.00-17.50 for the period, compared to the consensus estimate of $16.44. The company issued revenue guidance of $3.9-4.1 billion, compared to the consensus revenue estimate of $3.98 billion.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. StockNews.com cut Acuity Brands from a strong-buy rating to a buy rating in a report on Tuesday, August 27th. Oppenheimer boosted their price target on Acuity Brands from $315.00 to $370.00 and gave the company an outperform rating in a research note on Wednesday. Wells Fargo & Company boosted their price target on Acuity Brands from $289.00 to $305.00 and gave the company an equal weight rating in a research note on Wednesday. Robert W. Baird boosted their price target on Acuity Brands from $280.00 to $318.00 and gave the company a neutral rating in a research note on Wednesday. Finally, The Goldman Sachs Group boosted their price target on Acuity Brands from $266.00 to $303.00 and gave the company a neutral rating in a research note on Wednesday. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Acuity Brands has a consensus rating of Hold and an average price target of $324.00.

Acuity Brands Trading Up 0.3 %

Shares of Acuity Brands stock opened at $300.21 on Thursday. The stock has a fifty day simple moving average of $250.76 and a 200 day simple moving average of $253.78. Acuity Brands has a 12-month low of $156.84 and a 12-month high of $303.04. The company has a market capitalization of $9.24 billion, a P/E ratio of 24.41, a price-to-earnings-growth ratio of 1.77 and a beta of 1.41. The company has a current ratio of 2.77, a quick ratio of 2.15 and a debt-to-equity ratio of 0.22.

Acuity Brands (NYSE:AYI) last announced its quarterly earnings data on Tuesday, October 1st. The electronics maker reported $4.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.90 by $0.40. The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.02 billion. Acuity Brands had a return on equity of 20.97% and a net margin of 10.12%. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.74 EPS. On average, sell-side analysts anticipate that Acuity Brands will post 14.26 earnings per share for the current fiscal year.

Acuity Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, October 18th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, October 18th. This represents a $0.60 dividend on an annualized basis and a yield of 0.20%. Acuity Brands’s dividend payout ratio (DPR) is presently 4.88%.

Acuity Brands Company Profile

Acuity Brands, Inc provides lighting, lighting controls, building management system, location-aware applications in the United States and internationally. The company operates in two segments, Acuity Brands Lighting and Lighting Controls (ABL); and the Intelligent Spaces Group (ISG). The ABL segment provides commercial, architectural, and specialty lighting solutions, as well as lighting controls and components for various indoor and outdoor applications under the A-Light, Aculux, American Electric Lighting, Cyclone, Dark to Light, eldoLED, Eureka, Gotham, Healthcare Lighting, Holophane, Hydrel, Indy, IOTA, Juno, Lithonia Lighting, Luminaire LED, Luminis, Mark Architectural Lighting, nLight, OPTOTRONIC, Peerless, RELOCWiring Solutions, and Sensor Switch.